Benefits of Membership
You can always be assured of professional, ethical financial services from BDS Credit Union. All members share in the success of our Credit Union. There are no hidden transaction fees for saving with us or borrowing money.
Dividend on Savings
Every year we pay an attractive dividend on members savings, which are also placed in our Life Insurance scheme, offering a free insurance system.
The dividend rate will be declared at the AGM based on our annual surplus and any dividends are paid into shares after the AGM.
Flexible & Convenient Loans
Members can take out flexible loans 12 weeks after joining, and settle on affordable repayments. All our loans are fully insured (for free), against disability or death. Conditions apply*
Members will also receive an annual loan interest rebate.
Our members benefit from: Death Benefit Insurance, Life Savings Insurance & Loan Protection Insurance
To become a member, you will need to ensure you live or work within our common bond. If you’re not sure contact us, let us know your address and we can confirm your eligibility.
Membership Requirements To become a member, you will need to ensure you live or work within our common bond. If you’re not sure contact us, let us know your address and we can confirm your eligibility.
One of the following:
Photocard driving licence/provisional licence
Electoral identity card
One of the following:
Current utility bill
Current bank statement
The above documents must be dated within the last 3 months
Members must nominate at least one person and state their current address. In the event of a member’s death, all funds including insurances will be made payable to the nominee(s). Members can name more than one nominee and can change their nominee at any time.
Fees and Minimum Opening Balance
£1 membership fee & £5 minimum shares.
Annual affiliation fee, declared at AGM
Minor Membership (16 & under)
Account must be opened by one parent or guardian.
Free membership and minimum of £5 Deposits
Proof of photographic ID & proof of address – parent to satisfy this as stated above
Birth certificate or valid passport for a Minor
On their 16th birthday, minors will transfer to adult membership. We will notify you by letter of the procedure.
Change of Details
Members can update their details with the Credit Union at any time.
A valid proof of address must be provided in order to change the address.
Name changes require a marriage certificate, adoption certificate or deed poll documents.